PSX · COMMERCIAL BANKS · 1 Hour
UBL Inverse Head & Shoulders breakout
United Bank Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 434.49 on the breakout. Target 464.53, invalidation 406.00.
Trade plan
● Active- Close
- 434.49
- ▲ 2.96%
- Target
- 464.53
- +6.9%
- Invalidation
- 406.00
- -6.6%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 5.32
- Price now
- 444.01 +2.2%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
UBL broke above its inverse head & shoulders on the hourly close at 434.49.
Projected target 464.53 (+6.9%). The pattern is invalidated beyond 406.00 (-6.6%), a reward-to-risk of about 1.1 : 1.
Structure: bearish external, bullish internal (strong high 517.00). Nearest demand OB 396.00 - 400.04, supply OB 454.01 - 456.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 434.49.
- 2 The target, 464.53 (+6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 406.00 (-6.6%), cancels the setup.
- 4 Reward : risk is 1.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.